Oct 1, 2012 4:00am PDT
employment report comes out friday but will be high on the agenda all week. ben bernanke will also get a lot of attention when minutes from the latest policy meeting are released. >>> september auto sales are also on tap. experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of the flawed map app, oracle customers will have access to nokia's data and location services. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay
Oct 2, 2012 4:00am PDT
that manufacturing growth broke a four-month roadblock sparked an upbeat mood on the street. fed chief ben bernanke renewed the central bank's pledge to keep record low interest rates to spur the economy even after if regains momentum. >>> analysts say winter holiday shopping will rise 4.1% this year. that's slightly lower than predictions for the past two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns, bought by jpmorgan in a fire sale, carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multi-billion dollar fraud carried out by bernard madoff began as far back as the early 1970s. this is according to a rewritten indictment bringing new charges against four long-time madoff employees. >>> a trader joe's peanut butter recall linked to cases of salmonella has now spread to nut butter recalls at multiple national chains including whole foods, target and stop & shop. >>> hond
Oct 2, 2012 4:30am PDT
by comments from fed chairman ben bernanke speaking about the fed's new stimulus measures. >>> european markets are mixed this morning. the dow rising 78 points in yesterday's trade and the nasdaq slipping about two points to close at 3113. >>> and google has come a long way from its humble beginnings as a tiny search engine. it's now passed microsoft to become the world's second most valuable tech company behind apple. google stock closed at an all-time high of $761 a share on monday. it's now the dominant force in online advertising with two-thirds of the u.s. search market. google's android powers 64% of all smartphones. a u.s. judge has lifted a pan on galaxy tablet. apple won the suit. the judge said it didn't infringe on any apple devices. like the galaxy tab is an older model, it could boost samsung sales ahead of the holidays. something to watch out for. back to you. >> seema, thank you very much. >>> certainly keeping our eye on the forecast. christina, you weren't kidding, it was hot yesterday. >> smokesmoker. >> hottest day of the year at the coast. >> isn't it something, it'
Oct 2, 2012 3:00am PDT
to generate good data and why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that for years artists tried to paint pictures as if they were perfectly -- let's say they tried to capture the exact look. like a kodak camera. okay? that's called realism as the painters are indeed realistic. but as art progressed in the late 19th and early 20th century, you tend to get more -- let's say impressionist, less realist and then expressionists as the artists struggled to get beyond the four walls of the canvas, they took impre
Sep 27, 2012 3:00am PDT
about you by ben bernanke, will serve as a bridge over fiscal cliff and not take us down. the federal stance will take higher paying dividend companies into gems, seeking income, we'll band in bonds of cash poor countries and buy cash rick countries with yields that well exceed treasuries and still own a lot of gold. there's not a nation on earth that doesn't want its currency lower. that reserve currency is gold. also not to toot my own horn too hard, but throughout this period i recognized primacy of some bigger stocks, intel, wells fargo, verizon come to mind or the recognition you must own, not trade, own apple until it's too expensive versus it's growth rate and it's not near there yet. you have now heard pretty much everything. you've heard the last of when i've done over the last 12 months, at least for this evening. while i can already see the youtube about how cramer himself admits he's always getting things wrong, i thought for posterity i should lead with something more positive about "mad money," the youtube clips you post or go on jim cramer economics, hey, knuckle head,
Oct 1, 2012 4:30am PDT
spending and fed chairman ben bernanke speaks this afternoon. the dow falling 48 points on friday, the nasdaq losing 20 points. if president obama is re-elected one of his first priorities may be to find a replacement for treasury secretary tim geithner. geithner has hinted more than a year he wants to leave. the "wall street journal" reports chief of staff jack lu and erskine bowles are top candidates. bowles co-chaired the white house deficit commission in 2010. back to you. >> okay, thank you very much. we'll check back a little later on. >>> first day of october going to feel like july. >> it's not going to feel good. it is not going to feel good at all. >> in the pool. >> yeah, in the pool if you can jump into the ocean, it's actually going to be refreshing today. you're getting some pretty warm temperatures out there in the pacific, if you have the luxury of not having to go to work. if you do have to go to work, you want to get right to the shady spot before the other guy does because it's going to be hot out there or just do what i do, bring your windshield visor. temperat
Sep 30, 2012 7:00am PDT
reserve's latest policy meeting will be released and we'll see where ben bernanke and the rest of the bankers see the economy headed right now and kraft foods will split into two separately traded companies. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." race to the white house. candidates get some last-minute jabs before wednesday's big debate. >> good morning. i'm mike inouye. there's lots to do "today in the bay." let's start with the perfect mix of both sides of my life. being the traffic guy there and daddy guy at home. today at the motor sports park, take your teen to get real behind the wheel with the help of the alameda county sheriff's office. this safe driving event starts at 9:30 introducing young drivers to safe technique and to avoid distractive driving. it's open to those too young to get their permits. 14 and up can get behind the wheel here. sometimes those roads can seem like a free-for-all.